Volume Leaders
Symbol Name Last Trade Change Volume Related Info LUN.TO LUNDIN MINING CORP. 7.68 
1.23 (19.07%)23,062,998 Chart, Profile, More EQN.TO EQUINOX MINERALS LIMITED 5.79 
0.48 (7.66%)11,880,958 Chart, Profile, More XIU.TO iShares S&P/TSX 60 Index 20.42 0.11 (0.54%)3,319,580 Chart, Profile, More WTN.TO WESTERN COAL CORP 12.06 0.01 (0.08%)2,871,295 Chart, Profile, More HNU.TO Horizons BetaPro NYMEX Natural 5.47 0.20 (3.80%)2,819,364 Chart, Profile, More SU.TO SUNCOR ENERGY INC. 45.45 0.55 (1.22%)2,633,938 Chart, Profile, More HOU.TO Horizons BetaPro NYMEX Crude O 7.94 0.10 (1.24%)2,594,273 Chart, Profile, More CEE.TO CENTAMIN EGYPT LIMITED 1.89 0.11 (5.50%)2,373,335 Chart, Profile, More HND.TO Horizons BetaPro NYMEX Natural 9.36 0.36 (3.70%)2,367,288 Chart, Profile, More DML.TO DENISON MINES CORP. 3.67 0.09 (2.39%)2,183,036 Chart, Profile, More CRK.TO CROCODILE GOLD CORP 1.15 0.13 (10.16%)2,144,474 Chart, Profile, More SLF.TO SUN LIFE FINANCIAL INC. 32.40 0.21 (0.65%)2,119,024 Chart, Profile, More CLL.TO CONNACHER OIL 1.58 0.01 (0.64%)2,084,039 Chart, Profile, More FRG.TO FRONTEER GOLD INC 14.36 0.04 (0.28%)1,949,690 Chart, Profile, More NCC-A.TO NEWFOUNDLAND CAPITAL CORP LTD C 6.75 0.10 (1.50%)1,815,027 Chart, Profile, More QUX.TO QUADRA FNX MINING LTD. 14.25 0.73 (5.40%)1,801,143 Chart, Profile, More UUU.TO URANIUM ONE INC. 6.38 0.18 (2.90%)1,794,933 Chart, Profile, More BBD-B.TO BOMBARDIER INC., CL. B, SV 6.28 0.14 (2.28%)1,759,549 Chart, Profile, More CMK.TO CLINE MINING CORP 3.78 0.26 (7.39%)1,757,294 Chart, Profile, More GPR.TO GREAT PANTHER SILVER LIMITED 3.80 0.40 (11.76%)1,680,397 Chart, Profile, More COS.TO CANADIAN OIL SANDS LIMITED 29.89 0.04 (0.13%)1,620,260 Chart, More K.TO KINROSS GOLD CORP. 15.54 0.14 (0.89%)1,561,734 Chart, More TCK-B.TO Teck Resources Limited 53.85 0.38 (0.70%)1,489,573 Chart, Profile, More YLO.TO YELLOW MEDIA INC. 5.59 0.05 (0.89%)1,436,884 Chart, More HOD.TO Horizons BetaPro NYMEX Crude O 6.86 0.10 (1.48%)1,397,067 Chart, Profile, More Volume Leaders
Symbol Name Last Trade Change Volume Related Info PTA.V PETROAMERICA OIL CORP. 0.44 0.01 (2.22%)29,630,938 Chart, Profile, More INT.V INTERTAINMENT MEDIA INC. 0.57 0.02 (3.39%)10,415,831 Chart, Profile, More ROG.V ROXGOLD INC. 0.40 0.17 (73.91%)9,809,166 Chart, Profile, More CUU.V COPPER FOX MINERALS INC. 1.77 0.07 (4.12%)3,389,832 Chart, Profile, More FEC.V FAIRWEST ENERGY CORPORATION 0.23 0.06 (19.64%)2,839,791 Chart, Profile, More UNX.V UNX ENERGY CORP 5.29 0.01 (0.19%)2,132,970 Chart, Profile, More ALE.V ALANGE ENERGY CORP. 0.28 0.00 (0.00%) 2,033,047 Chart, Profile, More KWG.V KWG RESOURCES INC. 0.12 0.00 (0.00%) 1,834,923 Chart, Profile, More XPL.V CANADIAN ENERGY EXPLORATION INC 0.32 0.21 (39.62%)1,833,010 Chart, Profile, More SKW.V SKYWEST ENERGY CORP 0.75 0.04 (5.06%)1,777,804 Chart, Profile, More GWG.V GREAT WESTERN MINERALS GROUP LT 0.85 0.06 (7.59%)1,666,083 Chart, Profile, More EPO.V ENCANTO POTASH CORP. 0.50 0.01 (1.96%)1,666,077 Chart, Profile, More EPC.V EMPIRE MINING CORP. 0.63 0.11 (21.15%)1,423,730 Chart, Profile, More PYN.V POYNT CORPORATION 0.23 0.02 (7.14%)1,326,698 Chart, More AVT.V AVANTI MINING INC. 0.28 0.04 (14.29%)1,235,972 Chart, Profile, More LGO.V LARGO RESOURCES LTD. 0.45 0.05 (11.11%)1,197,954 Chart, Profile, More SLV.V Stealth Ventures Ltd. 0.17 0.02 (13.33%)1,096,351 Chart, Profile, More QRE.V QUANTUM RARE EARTH DEVELOPMENTS 0.66 0.08 (13.79%)1,082,365 Chart, Profile, More LS.V LAKESIDE STEEL INC. 0.41 0.02 (3.53%)1,081,200 Chart, Profile, More SDX.V SEA DRAGON ENERGY INC. 0.25 0.00 (0.00%) 1,080,675 Chart, Profile, More ORT-A.V ORBITE V.S.P.A. INC. (EXPLORATI 3.03 0.17 (5.94%)1,057,219 Chart, Profile, More UVR.V STRATEGIC RESOURCES INC. 0.19 0.03 (15.15%)1,023,289 Chart, Profile, More PEA.V PETROLIA INC. 1.41 0.07 (5.22%)1,012,574 Chart, Profile, More CMA.V Cream Minerals Ltd. 0.35 0.03 (7.69%)992,421 Chart, Profile, More PPI.V PASSPORT POTASH INC. 0.96 0.02 (2.04%)988,355 Chart, Profile, More Volume Leaders
Symbol Name Last Trade Change Volume Related Info SIRI Sirius XM Radio Inc. 1.79 0.02 (1.13%)29,000,739 Chart, Profile, More INTC Intel Corporation 21.58 0.28 (1.28%)28,638,125 Chart, Profile, More MU Micron Technology, Inc. 11.20 0.24 (2.10%)24,839,807 Chart, Profile, More QQQQ PowerShares QQQ Trust, Series 1 57.78 0.13 (0.23%)23,620,512 Chart, Profile, More MSFT Microsoft Corporation 26.64 0.09 (0.32%)22,052,909 Chart, Profile, More CSCO Cisco Systems, Inc. 18.69 0.05 (0.25%)19,273,424 Chart, Profile, More DELL Dell Inc. 15.73 0.60 (3.97%)16,201,197 Chart, Profile, More AMAT Applied Materials, Inc. 16.38 0.33 (2.06%)13,450,304 Chart, Profile, More LVLT Level 3 Communications, Inc. 1.41 0.00 (0.00%) 11,029,589 Chart, Profile, More NVDA NVIDIA Corporation 22.70 0.42 (1.82%)10,514,731 Chart, Profile, More PDLI PDL BioPharma, Inc. 5.67 0.81 (16.65%)10,080,936 Chart, Profile, More MRVL Marvell Technology Group, Ltd. 18.38 0.54 (2.83%)10,002,237 Chart, Profile, More HBAN Huntington Bancshares Incorpora 6.81 0.13 (1.80%)9,808,181 Chart, Profile, More YHOO Yahoo! Inc. 16.40 0.10 (0.61%)9,421,050 Chart, Profile, More JDSU JDS Uniphase Corporation 24.53 0.27 (1.09%)8,414,206 Chart, Profile, More ROYL Royale Energy, Inc. 6.02 1.00 (19.92%)8,376,605 Chart, Profile, More AAPL Apple Inc. 353.50 5.34 (1.53%)8,229,229 Chart, Profile, More JASO JA Solar Holdings, Co., Ltd. 7.13 0.22 (2.98%)7,379,386 Chart, Profile, More CMCSA Comcast Corporation 25.67 0.41 (1.60%)6,748,938 Chart, Profile, More STX Seagate Technology. 12.75 0.08 (0.62%)6,433,045 Chart, Profile, More QCOM QUALCOMM Incorporated 59.69 0.67 (1.13%)6,187,594 Chart, Profile, More LINTA Liberty Media Corporation 16.04 0.79 (4.69%)5,771,490 Chart, Profile, More ORCL Oracle Corporation 33.11 0.16 (0.49%)5,746,919 Chart, Profile, More SPLS Staples, Inc. 21.22 0.28 (1.34%)5,669,800 Chart, Profile, More NWSA News Corporation 17.47 0.14 (0.84%)4,968,719 Chart, Profile, More
Monday, February 28, 2011
TSX Leaders
Friday, February 25, 2011
Bankers Pet Hedges Oil With $80.00 ppb short contracts
BANKERS PETROLEUM IMPLEMENTS 2012 OIL HEDGING CONTRACTS
prnews 4,000 BOPD AT US$80 PER BARREL FLOOR PRICE
CALGARY, Feb. 25 /PRNewswire/ - Bankers Petroleum Ltd. (the "Company") announced today the purchase of put contracts representing 4,000 barrels of oil per day at US$80 per barrel of Dated Brent for the period January 1, 2012 to December 31, 2012. This volume represents approximately 20% of the Company's forecasted 2012 average production in Albania. The hedge is strictly financial and does not take into account the Patos-Marinza crude price differential to Dated Brent.
With the recent spike in oil prices due to the current geopolitical situation in the Middle East and North Africa, and with our Patos-Marinza oil marketing agreements priced relative to the Brent oil price, the Company elected to implement this relatively inexpensive strategy to start in 2012 as a form of insurance to have downside protection below US$80 per barrel, on a percentage of our production representative of field declines, while continuing full upside participation above the strike price on all 2012 production. If oil prices drop below US$80 per barrel, these hedge contracts and the resulting production cash flow would generate sufficient revenue to fund a significant portion of our capital program in 2012 and service any outstanding debt during that period.
Additional oil hedging contracts might be considered in the future as part of Bankers overall risk management strategy.
About Bankers Petroleum Ltd.
Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration and production company focused on developing large oil and gas reserves. In Albania, Bankers operates and has the full rights to develop the Patos-Marinza heavy oilfield and has a 100% interest in the Kucova oilfield, and a 100% interest in Exploration Block F. Bankers' shares are traded on the Toronto Stock Exchange and the AIM Market in London, England under the stock symbol BNK.
SOURCE Bankers Petroleum Ltd
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